Pence Promises Tax Cuts If Elected
By: Wendell Hudson
Updated: August 24, 2012
In news from your Local Election Headquarters ...
The Republican candidate for Indiana Governor calls for one of the largest cuts ever in the state's individual income tax.
Speaking to the Indianapolis Chamber of Commerce Tuesday, Mike Pence pledged to cut the personal income tax by 10% across the board.
For a family of four, Pence said the tax cut will amount to more than $228.
For a small business with net income of $300,000, Pence said it'll give those firms more than $1,000.
But for it to work Pence said the state must maintain it's reserves at a minimum of 12.5% of appropriations and continue to keep a balanced budget.
Pence faces Democrat John Gregg in November's general election.
The Republican candidate for Indiana Governor calls for one of the largest cuts ever in the state's individual income tax.
Speaking to the Indianapolis Chamber of Commerce Tuesday, Mike Pence pledged to cut the personal income tax by 10% across the board.
For a family of four, Pence said the tax cut will amount to more than $228.
For a small business with net income of $300,000, Pence said it'll give those firms more than $1,000.
But for it to work Pence said the state must maintain it's reserves at a minimum of 12.5% of appropriations and continue to keep a balanced budget.
Pence faces Democrat John Gregg in November's general election.
